| Thailand: Integrity Scorecard Report > Sub-Category: State-Owned Enterprises | ||
| Indicators | Score | |
| 64 | In law, is there an agency or equivalent mechanism overseeing state-owned companies? | 100 |
| 65 | Is the agency or equivalent mechanism overseeing state-owned companies effective? | 30 |
| 66 | Can citizens access the financial records of state-owned companies? | 85 |
Indicator and sub-Indicator Details
| 64 | In law, is there an agency or equivalent mechanism overseeing state-owned companies? | |||||||
| 64: In law, is there an agency or equivalent mechanism overseeing state-owned companies? | ||||||||
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Comments: References: Ministry,Bureau and Department Act of B.E. 2545, Chapter 3 Ministry of Public Finance, section 11 (8)
Peer Review Comments: No single agency oversees SOEs.
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| 65 | Is the agency or equivalent mechanism overseeing state-owned companies effective? | |||||||
| 65a: In law, the agency or equivalent mechanism overseeing state-owned companies is protected from political interference. | ||||||||
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Comments: References: [ LINK ] State enterprises are under the supervision of the Prime Minister and cabinet members. The Prime Minister is the chair of the Committee that oversees state enterprise policies (see Office of the Prime Minister Order on Follow-up of the Development of State Enterprises B. E. 2548).
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| 65b: In practice, the agency or equivalent mechanism overseeing state-owned companies has a professional, full-time staff. | ||||||||
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Comments: The number of officials in the State Enterprise Policy Office is insufficient. There is a plan to increase the number of officials. References: Interview, Human Resource Unit, State Enterprise Policy Office, Oct. 24, 2007
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| 65c: In practice, the agency or equivalent mechanism overseeing state-owned companies receives regular funding. | ||||||||
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Comments: Yes, the agency received funding from the annual budget. References: Government Gazette, Jan. 9, B.E. 2550 section 7, term 7 (1) [ LINK ]
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| 65d: In practice, when necessary, the agency or equivalent mechanism overseeing state-owned companies independently initiates investigations. | ||||||||
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Comments: The official said that the authority to investigate belongs to the Office of The Auditor General of Thailand. References: Interview with an official, Legal Unit in the State Enterprise Policy Office
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| 65e: In practice, when necessary, the agency or equivalent mechanism overseeing state-owned companies imposes penalties on offenders. | ||||||||
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Comments: The official stated that the authority to imposes penalties on offenders belongs to police officers and the Office of The Auditor General of Thailand. References: Interview with official, Legal Unit in the State Enterprise Policy Office
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| 66 | Can citizens access the financial records of state-owned companies? | |||||||
| 66a: In law, citizens can access the financial records of state-owned companies. | ||||||||
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Comments: References: In an Order of the Office of The Under-Secretary of the Ministry of Finance Dealing with Information for Citizen, B.E. 2542, chapter 2, section 12 and chapter 3, section 14. www.mof.go.th/public/menu1.htm
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| 66b: In practice, the financial records of state-owned companies are regularly updated. | ||||||||
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Comments: Yes, and citizens can access these records through the Web site. The last financial record is dated Dec. 31, 2006. It's rather up-to-date. References: [ LINK ]
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| 66c: In practice, the financial records of state-owned companies are audited according to international accounting standards. | ||||||||
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Comments: The official stated that the financial records of state-owned companies are audited according to international accounting standards practiced by the Office of The Auditor General of Thailand. References: Interview, the Legal Unit in the State Enterprise Policy Office.
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| 66d: In practice, citizens can access the financial records of state-owned companies within a reasonable time period. | ||||||||
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Comments: Yes, citizens can access the information through the Web site. The latest financial record is dated Dec. 3, 2006 . It's rather up to date. References: [ LINK ]. They have 5 financial titles: 1. The Top 10 Highest Profit 2. The Top 10 Highest Loss 3. The Top 10 Highest Revenue 4. The Top 10 Highest Assets 5. The Top 10 Highest Liabilities
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| 66e: In practice, citizens can access the financial records of state-owned companies at a reasonable cost. | ||||||||
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Comments: Yes, citizens can access this information through the Web site. The latest financial record is Dec. 31, 2006 . References: [ LINK ] Order of the Office of the Permanent Secretary of the Ministry of Finance B.E. 2542 ,chapter 4, term 17
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